The Failed Vasa: COBIT 5 and the Balanced Scorecard (Part 1)

Join authors William C. Brown and Chad E. Hess as they respond to ISACA member questions beginning 15 September 2014. Add your questions by responding to this post!

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On 10 August 1628, the Vasa, among the most expensive ships of the era, sailed on her maiden voyage and, within minutes, sank below the waves in the Stockholm harbor (Sweden).1 This article is the first of a three-part series that illustrates Vasa’s stakeholder drivers, benefits, risk, costs, enterprise goals and, ultimately, enabler goals, which all provide context for the seven COBIT® 5 enablers.

RE: The Failed Vasa: COBIT 5 and the Balanced Scorecard (Part 1)

RE: The Failed Vasa: COBIT 5 and the Balanced Scorecard (Part 1)

In my opinion, I've found very interesting the analogy made ​​by the author between the implementation of COBIT 5 and the building of the Vasa to explain the main concepts related to enterprise goals and implementing a Balanced Scorecard.
In my experience, the identification and prioritization of the enterprise goals together with the Board may be a real challenge, has the author some tips about this to share with us?.
Best regards,
Franco

RE: The Failed Vasa: COBIT 5 and the Balanced Scorecard (Part 1)

I think it's tough to get buy-in to the BSC by itself without understanding the rest of COBIT 5. Once the remaining concepts of COBIT 5 are understood beyond the BSC, most management teams and the board should buy in to BSC as being integral COBIT 5. Article 3 will talk about governance responsibilities of the King. The King should have been monitored by a board or a committee at the board level but he was not. COBIT 5 should be very appealing to a board member in today's litigious environment.

RE: The Failed Vasa: COBIT 5 and the Balanced Scorecard (Part 1)

I think it's tough to get buy-in to the BSC by itself without understanding the rest of COBIT 5. Once the remaining concepts of COBIT 5 are understood beyond the BSC, most management teams and the board should buy in to BSC as being integral COBIT 5. Article 3 will talk about governance responsibilities of the King. The King should have been monitored by a board or a committee at the board level but he was not. COBIT 5 should be very appealing to a board member in today's litigious environment.

RE: The Failed Vasa: COBIT 5 and the Balanced Scorecard (Part 1)

RE: The Failed Vasa: COBIT 5 and the Balanced Scorecard (Part 1)

In my opinion, I've found very interesting the analogy made ​​by the author between the implementation of COBIT 5 and the building of the Vasa to explain the main concepts related to enterprise goals and implementing a Balanced Scorecard.
In my experience, the identification and prioritization of the enterprise goals together with the Board may be a real challenge, has the author some tips about this to share with us?.
Best regards,
Franco

RE: The Failed Vasa: COBIT 5 and the Balanced Scorecard (Part 1)

RE: The Failed Vasa: COBIT 5 and the Balanced Scorecard (Part 1)

I think it's tough to get buy-in to the BSC by itself without understanding the rest of COBIT 5. Once the remaining concepts of COBIT 5 are understood beyond the BSC, most management teams and the board should buy in to BSC as being integral COBIT 5. Article 3 will talk about governance responsibilities of the King. The King should have been monitored by a board or a committee at the board level but he was not. COBIT 5 should be very appealing to a board member in today's litigious environment.

RE: The Failed Vasa: COBIT 5 and the Balanced Scorecard (Part 1)

RE: The Failed Vasa: COBIT 5 and the Balanced Scorecard (Part 1)

In my opinion, I've found very interesting the analogy made ​​by the author between the implementation of COBIT 5 and the building of the Vasa to explain the main concepts related to enterprise goals and implementing a Balanced Scorecard.
In my experience, the identification and prioritization of the enterprise goals together with the Board may be a real challenge, has the author some tips about this to share with us?.
Best regards,
Franco

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